Southside Bancshares Technical Analysis (NASDAQ:SBSI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Southside Bancshares stock price data and volume are plotted in SBSI stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Southside Bancshares. Technical analysis uses an approach for Southside Bancshares stock analysis that does not care for the fair value of a company but uses price and volume data only.
Southside Bancshares Moving Average
Moving averages help predict the price direction of SBSI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Southside Bancshares are mostly signals of long term trends and will help long term traders.
Southside Bancshares Bollinger Bands
Bollinger bands comprise of a center line usually SBSI SMA, and two SBSI stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $34.13 is in the upper range of Southside Bancshares bollinger bands.
Southside Bancshares Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Southside Bancshares MACD line is below the signal line.
Southside Bancshares Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. The relative strength index of SBSI stock is 73.46.